Asia/Pacific
Opinion: China used crude stockpiles to ease Iran shock, but not that much
For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
China sets sights on heavy truck electrification in blow to diesel demand
By 2030, EVs will make up 40% of new heavy truck sales in China and 20% of the total fleet, or 1.6 MM vehicles.
China learns to live on less fuel, to the relief of oil markets
Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%.
Utility Global signs first commercial project agreement in South Korea for H2Gen Project in Daejeon
Utility Global and SAMJIN E&I have announced an engineering services agreement for Utility's H2Gen project in Daejeon, South Korea.
ENGIE and European Energy start cooperation on large-scale renewable hydrogen development in Denmark
ENGIE and European Energy have entered into a cooperation agreement to advance the development of a large-scale renewable hydrogen project in Denmark.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
